Remuneration Specialist / Analyst

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Tower Group are currently seeking candidates for their open Remuneration Specialist / Analyst position in Cape Town, Western Cape through Go Job Search. Are you an experienced candidate looking to take up a Remuneration Specialist / Analyst role such as with an industry leading company like Tower Group?

Job Title: Remuneration SpecialistCompany Location: Cape Town Function: Human ResourcesReporting to: HR Manager Job SummaryEnsures the remuneration levels of the employees are in line with company salary ranges and the market-related salary ranges by compiling and analysing the remuneration survey information, compiling reports and maintaining the relevant remuneration records.Responsible for all reward, employee benefits schemes and recognition programmes for employees. Develops, reviews, implements and monitors remuneration policies, systems and procedures, making recommendations to senior management regarding same.  Duties and ResponsibilitiesCompensation and benefits management · Designs, develops, implements and manages salary, bonus and benefit packages· Reviews and administers reward and benefit policies· Drafts remuneration and rewards processes and procedures· Implements signed off remuneration policies, processes and procedures· Guides the coordination of salaries, pension, relocation packages, life insurance, company cars· Educates new employees on the cost to company concept – presents scenarios as required Salary benchmarking & Market information sourcing· Collates market data, using national salary surveys (from RemChannel)· Collects data and researches competitor’s remuneration and reward strategies· Accurately benchmarks each position to the national/industry circle salary survey· Analyses market data and prepares recommendations for senior management· Implements recommendations upon approval· Completes pay analysis across the Group and ensures employees compensation packages presents equality across position levels, duties, experience, race and gender etc.· Investigates pay anomalies· Reports on pay anomalies and provides recommendations Job Analysis & Profiling · Completes job description audits annually· Consults with line managers on new job descriptions and completes a job analysis· Assists line managers in drafting or reviewing job descriptions as required· Confirms job descriptions are in line with department and business objectives· Updates and distributes organograms· Updates Job Matrix· Files amended, or new job descriptions once signed off by manager and job incumbent and distributes to HR for record keeping· Prepares new/changed job descriptions for grading· Manages the job descriptions on the HR Portal – updating employee information, job tasks, linking URL’s, workflow and enhancement projects. Job Evaluation/Grading · Implements and manages an approved job grading system· Grade jobs using the Paterson Grading point system· Formulates the grading outcomes to a job grade matrix – ranking positions from top – down and across functions· Extracts graded tables salary survey data, applies benchmarking formula’s· Process calibration to market grade data per function· Creates company pay scales· Completes the pay analysis and comparative reports· Aligns remuneration of employees to the approved pay scales· Ensures that all positions remain market-related and competitive. Salary review process· Prepares analysis and reports for salary reviews and incentive schemes· Manages the annual salary and incentive review process· Prepares increase and bonus schedules as per policy and business instruction· Prepares and distributes increase and bonus letters Compliance to regulatory requirements· Interprets new legislation impacting salaries· Reviews and improve remuneration policies and procedures· Assists with internal and external audits related to payroll· Ensures all remuneration information and records are maintained in accordance with statutory requirements Payroll systems· Introduces and maintains systems and procedures aimed at ensuring efficiency· Provides input into payroll operations and processing· Assists payroll team with various related queries· Works closely with the Group Payroll Manager in obtaining cross functional remuneration and benefits processes and procedures Management· Supervises and co-ordinate activities of interns or an assistant· Oversees the maintenance of current employee data systems· Communicates and updates Time & Attendance labour rules Additional responsibilities · Completes monthly Employee/Employment Equity review & movements· Completes Annual Employment Equity remuneration reports· Annual B-BBEE completion – Employment Equity & Management Control· Continuous support and advisory to the business – professional and strategic· Restaurant remuneration deadlines and pay events – Pay Parity, National Minimum Wage, New Restaurant Council, Benefits alignment· Corporate remuneration and pay events – Increases, Bonus/Incentives, provident fund, new hires, promotions motivations· Policy development and project plan implementation· HR technology enhancement projects – HR Portal – JD super user and administrator· Data and process integrity reporting & improvements· Legislative requirements and updates Minimum Qualifications1. Bachelor’s degree in human resource management or related field2. SARA – Global Remuneration Practices QualificationMinimum Working Experience1. At least 4 years’ experience in remuneration and benefits management2. 2 year’s consulting experience would be beneficialTechnical Competencies/Knowledge (what must I know)1. Payroll systems knowledge2. Salary benchmarking experience3. Excellent computer skills, especially Excel4. Knowledge and experience of SAGE PEOPLE will be advantageous5. Knowledge of PAYE, BCEA and OID legislation6. HR systems / metrics knowledge7. Knowledge of relevant legislation impacting remuneration8. Knowledge and experience of salary package calculation and processingSkills and Abilities (what must I be able to do / display)1. Discretion and integrity2. Customer Service and relationship building orientation3. Results orientation4. Strong analytical skills5. Attention to detail and accuracy6. Planning and organizing7. Scheduling and monitoring8. Communication skills9. Problem analysis and problem-solving skills10. Stress tolerance11. Decision-making

Apply now and a member of the team at Tower Group will get in touch with you to discuss your career options further.

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